RE: Bitmain Profits Higher than US GPU Giant Nvidia - $4-Billion Dollars in Profits
Bitmain is turning out to be a great company. I rolled the dice back in September and wired a few thousand to china for 2 Antminer L3+ Scrypt Miners that would show up mid November. After struggling with customs and a few hundred in import fees I finally got my miners after Thanksgiving. I lucked out and was able to mine a fair amount of Litecoin before the price shot way up and now they have more than paid for themselves.
The hardware is really impressive. It's well designed and runs extremely efficiently. I started running them on 110V and recently moved the to 240V. They run amazingly cool and with much less power than my GPUs. I had 1 hashing board die and went through the RMA process. It took a month to get the board replaced, but I could mine with the 3 working boards while I was waiting.
Buying an ASIC miner is always a race against time that involves a fair amount of luck, but when it works out, you can't beat it for mining.
JUMP ahead of the pack...
Computta
https://computta.com/?ref=268161
These guys have really figured this out. You can make money while you sleep, Just signup Download the free miner. There is never a fee. (not to sound like a shill) This is like a money drop! I will post again with details of my profits.
I agree. Bitmain does make some good and reliable hardware. I started buying their hardware with the S1 Bitcoin Miner. I also got in on the first batch of L3s and made a hefty profit as well - ROId within a couple of weeks and still mine with them. I have several S9s as well - They are beasts and are very efficient.
The D3 did not go so well. by the time I got that miner, it was hardly profitable and I still haven't ROId. I'm hoping that Dash will skyrocket someday and it will all have been worth it. The A3 that was recently released just ROId and I'm debating whether to keep it or not.
To be successful in mining you really have to get in early like you mentioned. You also have to be willing to risk it all and operate at a loss for potential future gains.
What carrier did you use for shipping? I found that typically UPS is best and if you go and pick it up at the UPS Center, you can avoid the customs fees. I have never had to pay them except on one shipment which was delivered to my doorstep. Every other time I have just gone to UPS, picked them up, and walked out of the door at no additional cost to me.